Leased Office Condo
4160 Ocoee Street N Cleveland, TN 37312
4160 Ocoee Street N, Cleveland, TN, 37312
$2,229,900
For Sale
$2,229,900
COMMERCIAL - Cleveland, TN
Property Size10,770 SF
Lot Size1.47 Acres
Price / SF$207.05
Days on Market1943
Property Features for 4160 Ocoee Street N
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- Commercial
- Standard status
- Active
- APN
- 42g C 001.00
- Size
- 10,770 SF
- Lot size
- 1.47 Acres
Taxes and HOA fees
- Tax Annual Amount
- 18283
Utilities
- Utilities
- Electricity Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Flooring type
- Tile, Carpet
- Building materials
- Block, Metal Siding
Listing Agency
Crye-Leike REALTORS - Cleveland
(423) 473-9545
4627 N Lee Highway, TN
Listed by
Max Phillips · License #203547
(423) 596-7173
Added: Mar 25, 2021 Checked: Jul 19 at 5:06 am
MLS# 20211751
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Class A office condo complex consists of seven office condo units and is offered for sale as an investment property. The buildings are described as well constructed and in almost new condition. The individual units are currently leased.
The property is located at 4160 Ocoee Street N in Cleveland, Tennessee (37312) within Bradley County. The site is listed with a total lot size of 1.47 acres and an overall property size of 10,770 square feet.
For prospective buyers, this configuration provides a multi-unit office condo portfolio in a single offering, with all seven condos already in place and leased at the time of sale. The combination of multiple separately leased units and the reported near-new condition may appeal to investors seeking a structured office holding rather than a single tenant, subject to review of the leases and operating details during due diligence.
The property is located at 4160 Ocoee Street N in Cleveland, Tennessee (37312) within Bradley County. The site is listed with a total lot size of 1.47 acres and an overall property size of 10,770 square feet.
For prospective buyers, this configuration provides a multi-unit office condo portfolio in a single offering, with all seven condos already in place and leased at the time of sale. The combination of multiple separately leased units and the reported near-new condition may appeal to investors seeking a structured office holding rather than a single tenant, subject to review of the leases and operating details during due diligence.
Key Highlights
- Class A office condo complex with 7 currently leased condos.
- Fantastic cash flow.
- Almost new condition and well‑constructed.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.9k | $18.00 |
| − Vacancy | −$34.9k | −$3.24 |
| EGI | $159.0k | $14.76 |
| − OpEx | −$39.7k | −$3.69 |
| NOI | $119.2k | $11.07 |
10,770 SF · lease $18.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.99M
NOI $119,224 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,190 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Jeril Cooper
Dental Office
Brenone Tax Services
Tax Preparation
Pediatric Dentistry & Orthodontics ...
Dental Office
SouthEast Eye Specialists
Eye Care Center
HealthMarkets Insurance - Chris ...
Insurance Agency
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FAQs
What type of property is this?
Office building - Well-constructed Class A office condo complex with seven currently leased units in Cleveland, Tennessee.
Where is this office building located?
The property is located at 4160 Ocoee Street N Cleveland, TN.
What is the asking price?
The asking price for this property is $2,229,900.
What are key features of this property?
This property features: Class A office condo complex with 7 currently leased condos.; Fantastic cash flow.; Almost new condition and well‑constructed.
